Tue Apr 14, 2015 12:54pm EDT Brazil probe of Petrobras seen spurring positive business agenda SAO PAULO, APRIL 14 | BY GUILLERMO PARRA-BERNAL (Reuters) - A corruption probe at Brazil's state-run oil company Petrobras is likely to promote less government intervention and more transparency, economists and analysts said on Tuesday. The investigation could, however, also stir more... Continue Reading →
Petrobras – Clarification on News: Financial Statements Adjustment
Petrobras - Clarification on News: Financial Statements Adjustment Rio de Janeiro, April 14th, 2015 – Petróleo Brasileiro S.A. – Petrobras´ response to Official Letter/CVM/SEP/GEA-1/N.º 123/2015 that requests clarification as follows: OFFICIAL LETTER/CVM/SEP/GEA-1/N.º 123/2015 “In reference to news broadcasted on 04.11.2015 by the Brazilian Newspaper O Globo, under the headline“Petrobras: cost of corruption may reach R$... Continue Reading →
Petrobras takes steps to avert a technical default
http://www.ft.com/cms/s/0/e5deaa2a-e257-11e4-9995-00144feab7de.html#ixzz3XHeEAxFA April 14, 2015 5:21 am Petrobras takes steps to avert a technical default Joe Leahy in São Paulo Brazil’s embattled state-controlled oil company Petrobras said late on Monday that it expected to release its long-delayed audited financial results for 2014 as early as next Wednesday. The move would help Petrobras, which has been crippled by a political corruption... Continue Reading →
Petrobras Board to Review Delayed Financial Results April 22
Petrobras Board to Review Delayed Financial Results April 22 by Sabrina Valle/Bloomberg 10:01 PM BRT April 13, 2015 Petroleo Brasileiro SA plans to release long-delayed audited financial results after an April 22 board meeting, a move that would avert a potential acceleration of debt payments and reopen access to bond markets. The Rio de Janeiro-based oil... Continue Reading →
Petrobras – Material Fact – Release of Financial Statements
Petrobras - Material Fact - Release of Financial Statements Rio de Janeiro, April 13, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that on April 22 its Board of Directors will meet to: (i) review its interim financial statements for the third quarter 2014, reviewed by the Company’s independent auditors; and (ii) approve the Company’s... Continue Reading →
UPDATE 1-Petrobras shares jump on report of plans to sell Braskem stake
Mon Apr 13, 2015 11:34am EDT UPDATE 1-Petrobras shares jump on report of plans to sell Braskem stake (Reuters) - Shares in Brazil's Petrobras rose 6 percent on Monday after local media reported that the state-run oil company plans to sell a stake in petrochemicals firm Braskem SA for around 2.8 billion reais ($903 million).... Continue Reading →
Petrobras sees cost of corruption at up to 6 billion reais – report
Fri Apr 10, 2015 2:08pm BST Related: BUSINESS Petrobras sees cost of corruption at up to 6 billion reais - report RIO DE JANEIRO A demonstrator holds a placard during a protest against Brazil's President Dilma Rousseff at Paulista Avenue in Sao Paulo March 15, 2015. REUTERS/NACHO DOCE (Reuters) - Brazil's state-run oil company Petrobras... Continue Reading →
Petrobras Said to Consider Prized Oil Area in Divestment Plan
Petrobras Said to Consider Prized Oil Area in Divestment Plan By Cristiane Lucchesi Sabrina Valle Peter Millard 2:04 PM BRT April 10, 2015 (Bloomberg) Petroleo Brasileiro SA is considering including fields from its fastest-growing deepwater oil region in a divestment plan to raise money for expenditures and debt payments, six people with knowledge of the... Continue Reading →
PETROBRAS -Clarification on News: Financial Statements
PETROBRAS -Clarification on News: Financial Statements Rio de Janeiro, April 9, 2015 – Petróleo Brasileiro S.A. – Petrobras complies with OFFICIAL LETTER BM&FBovespa 0990/2015-SAE, which requests the following clarification: OFFICIAL LETTER 0990/2015-SAE “We request clarifications about news released on April 9, 2015, in the newspaper Valor Econômico, entitled “Petrobras Financial Statements will be released by... Continue Reading →
Petrobras (PBR) Stock Rises 8.38% to U$7.50
Petrobras (PBR) Stock Rises 8.38% to U$7.50 ByAndrew Meola|04/09/15 - 03:44 PM EDT NEW YORK (TheStreet) -- Shares of Brazilian state-run energy company Petrobras (PBR - Get Report) rose 8.38% to $7.50 in late afternoon trading Thursday as Brazilian President Dilma Rousseff said the company is ready to move on from the corruption scandal that has plagued it for months. Rousseff... Continue Reading →
